A technological dividend is a nice sounding term for the trend of rising automation and productivity meaning capital investment in technology supplants labor. In other words, we get far more stuff for the same amount of labor, or we need far less labor to do the same amount of stuff. This development could be great for society, but presents a number of problems.
For a case in point, consider manufacturing in the US since 1980. Manufacturing output since 1980 in the US has doubled. Manufacturing jobs in the US have decreased to about 60% of what they were in 1980. […]